AVX Corporation Form of Stock Option Grant under 2004 Stock Option Plan
This agreement is between AVX Corporation and an employee, granting the employee the right to purchase company stock under the 2004 Stock Option Plan. The grant may be either an Incentive Stock Option or a Non-Qualified Stock Option, specifying the number of shares, grant price, total cost to exercise, expiration date, and a vesting schedule. The employee must meet the vesting requirements to exercise the options. The agreement outlines the key terms and conditions for the stock option grant.
EXHIBIT 10.8
Date
[Employee Name]
[Address][City, State Zip Code]
Dear [ ]:
Pursuant to the terms and conditions of the AVX Corporation 2004 Stock Option Plan (the 'Plan'), you have been granted an Incentive Stock Option to purchase [ ] shares of stock as outlined below.
Granted To: [ ]
Grant Date: [ ]
Granted: [ ]
Grant Price:$[ ] Total Cost to Exercise: $[ ]
Expiration Date: [ ]
Vesting Schedule: 25% per year for 4 years
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
Date
[Employee Name]
[Address][City, State Zip Code]
Dear [ ]:
Pursuant to the terms and conditions of the AVX Corporation 2004 Stock Option Plan (the 'Plan'), you have been granted a Non-Qualified Stock Option to purchase [ ] shares of stock as outlined below.
Granted To: [ ]
Grant Date: [ ]
Granted: [ ]
Grant Price:$[ ] Total Cost to Exercise: $[ ]
Expiration Date: [ ]
Vesting Schedule: Special Vesting
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
Pursuant to the terms and conditions of the Plan, you have been granted an Incentive Stock Option to purchase [ ] shares of stock as outlined below.
Granted To: [ ]
Grant Date: [ ]
Granted: [ ]
Grant Price:$[ ] Total Cost to Exercise: $[ ]
Expiration Date: [ ]
Vesting Schedule: Special Vesting
[ ] on xx/xx/xx
[ ] on xx/xx/xx
[ ] on xx/xx/xx
